Egypt’s Petroleum Imports Dropped by $138.1M in 2022/23

Egypt’s Petroleum Imports Dropped by $138.1M in 2022/23

Egypt’s petroleum imports decreased by $138.1 million, during fiscal year 2022/23, according to the Central Bank of Egypt’s (CBE) Balance of Payment. This comes as a result of a decrease in crude oil imports by $1.2 billion, which is higher than exceeding the increase in imports of both natural gas by $716.3 million and petroleum products be $392.8 million.

Meanwhile, Egypt’s petroleum exports fell by $4.2 billion, as a result of the decrease in petroleum products exports by $1.7 billion, crude oil exports by $1.5 billion, and natural gas exports by $988.1 million.

Sarah Samir 3289 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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